April, May and June 2019 among slowest months for commercial sales in the past decade
While activity has stayed fairly constant with regard to tenant/purchaser requirements and listings, the deal flow has been slow as most companies continue to have a low risk tolerance in Alberta. Add to this the much anticipated Federal election expected in October of this year, and there has been a mentality of hurry up and wait…until there is a change up federally that is.
Over 15 transactions ranging from $10 Million - $63 Million have occurred in Edmonton this year!
For many years, Edmonton has been considered by neighbouring metropolitan cities, a second-tier destination, a "working-class" town. When individuals and businesses from around the world think of Canada, they always first spout out - Toronto, Vancouver, Montreal, Calgary... And while we have primarily been a blue-collar City, this does not mean that our business owners are shy of investment capital, nor does it mean that our City lacks innovation, diversity and opportunity.
The Reality of the Leduc/Nisku Industrial Market - Are There Really Bargains?
Many clients call us looking for a "deal" in Leduc and Nisku based on what they are hearing about the state of the market, but are there really deals to be had?